Administrators of Quinn Insurance confident on costs

The administrators of Quinn Insurance have said they are increasingly confident that the cost of bailing out the insurer will not reach worst-case scenario level.

Ian Kehoe - avatar

Ian Kehoe

5th October, 2014
Sean Quinn

The administrators of Quinn Insurance have said they are increasingly confident that the cost of bailing out the insurer will not reach worst-case scenario levels, after the firm reported a €208 million profit for last year.

The administrators had briefed the High Court that the cost to the state through the Insurance Compensation Fund (ICF) could top €1.6 billion. However, they now say it is likely to be between €1.1 billion and €1.3 billion, according...

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